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Tag: bull

‘Earnings could be volatile,’ long-term market bull warns

‘Earnings could be volatile,’ long-term market bull warns

Finance
An earnings season that delivers will play an integral role in whether the market can maintain all-time highs, according to Crossmark Global Investments' Victoria Fernandez.The chief market strategist believes Wall Street is completely discounting second earnings expectations right now, and that leaves little room for disappointments when the season kicks off this Monday. "Earnings could be volatile," she said Friday on CNBC's "Trading Nation. "But according to Fernandez, a long-term bull, a setback would likely be short-lived. "We do think that the trend will be higher in the markets," she said. "[Investors] feel like the Fed has their back, and so the markets are continuing to run on that."On Friday, the major indexes saw all-time intraday highs and fresh record closes. Since the be...
Market bull cuts exposure to stocks due to new Mexico tariff threat

Market bull cuts exposure to stocks due to new Mexico tariff threat

Finance
Long-time market bull Phil Orlando just cut his exposure to stocks.The Federated Investors chief equity market strategist cites President Donald Trump's new threat to impose 5% tariffs on Mexico imports for the decision. "In light of this growing uncertainty and expanded downside risk, we opted to pull in our horns a bit this morning, and we lowered our 8% equity overweight in our PRISM asset allocation moderate growth portfolio to 5%," Orlando wrote in Friday's commentary. "We added the 3% into our cash overweight."Despite making the defensive move, Orlando contends U.S. economic fundamentals remain solid, and they should ultimately support stocks. It's a sentiment he echoed during Thursday's interview on the ongoing U.S.-China trade war on CNBC's "Futures Now. " "When it does ...
Don’t fear a 10% correction — embrace it, market bull Jack Ablin says

Don’t fear a 10% correction — embrace it, market bull Jack Ablin says

Finance
Even if the May pullback lingers until summer, Cresset Capital's Jack Ablin plans to embrace it.He believes market and economic fundamentals are intact, and a U.S.-China trade deal isn't essential to keeping the bull market alive.Ablin cites liquidity —the ability and desire to borrow, spend and invest money — as a critical driver for more record upside. "As long as lenders continue to want to extend credit and spreads are low and lending is still reasonable, then I see no reason why we couldn't just get away with say a 10% correction or something – certainly less than the bottom that we saw back at Christmas time," the firm's chief investment officer said Thursday on CNBC's "Futures Now. "Ablin, who oversees $ 4.2 billion in assets under management, predicted a "sloppy" year for stocks o
The market's win streak is no fluke: A Wall Street bull sees record gains ahead

The market's win streak is no fluke: A Wall Street bull sees record gains ahead

Finance
The market's win streak may be just beginning. Edward Yardeni, who spent decades on Wall Street running investment strategy for firms such as Prudential and Deutsche Bank, predicts stocks will break out to all-time highs this year. He's partly building his bull case based on a chart pointing to negative market sentiment. "At the end of last year the bull-bear ratio, which is something we watch from Investors Intelligence, fell below one," the Yardeni Research president told CNBC's "Trading Nation" on Friday. "It's got an awfully good track record as a...
Celtic 1-2 Red Bull Salzburg: Bhoys progress to Europa League knockout stages, despite Craig Gordon’s mistake

Celtic 1-2 Red Bull Salzburg: Bhoys progress to Europa League knockout stages, despite Craig Gordon’s mistake

Sports
FOR THE BHOYS The keeper earned comparisons with Liverpool flop Loris Karius for his error Celtic are through to the Europa League knockout stages despite a 2-1 home defeat to Red Bull Salzburg in Group B. Brendan Rodgers’ men knew they could afford to get a draw and qualify as runners-up behind the already-qualified Austrian side. Brendan Rodgers applauds the home fans after the full time whistle However, the result in the Rosenborg and RB Liepzig game meant their 2-0 deficit would see them crash out. Craig Gordon’s intercepted throw was the pick of the goals, with fans comparing the Scot to Liverpool flop Loris Karius. But Tore Reginiussen’s equaliser for Rosenborg ensured the Scottish side did progress ...